Matthews International Corporation provides brand solutions, memorialization products, and industrial technologies worldwide. The company's SGK Brand Solutions segment offers brand management and pre-media services, printing plates and cylinders, engineered products, imaging services, digital asset management, merchandising display systems, and marketing and design services primarily for the consumer goods and retail industries. Its Memorialization segment manufactures and markets a range of memorialization products for use in cemeteries, funeral homes, and crematories. This segment offers cast bronze memorials, flush bronze and granite memorials, upright granite memorials and monuments, cremation memorialization products, granite benches, flower vases, crypt plates and letters, cremation urns, niche units, cemetery features and statues, caskets, community and family mausoleums, bronze plaques, letters, emblems, vases, lights, and photo ceramics, as well as architectural products to identify or commemorate people, places, events, and accomplishments. The company's Industrial Technologies segment designs, manufactures, and distributes marking and coding equipment and consumables, industrial automation products, warehouse automation systems, and order fulfillment systems for identifying, tracking, picking, and conveying consumer and industrial products. This segment serves manufacturers, suppliers, and distributors of durable goods and building products; consumer goods manufacturers; and pharmaceutical producers. Matthews International Corporation was founded in 1850 and is headquartered in Pittsburgh, Pennsylvania.
IPO Year: 1994
Exchange: NASDAQ
Website: matw.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/31/2021 | $60.00 | Buy | Sidoti |
PITTSBURGH, April 26, 2024 (GLOBE NEWSWIRE) -- Matthews International Corporation (NASDAQ GSM: MATW) ("Matthews" or the "Company") today announced that Francis Wlodarczyk has been appointed to the Company's Board of Directors. Mr. Wlodarczyk brings 35 years of experience in industrial automation, working with global and regional manufacturers in many industries, including automotive, material handling, packaging and consumer products. Most recently, Mr. Wlodarczyk served as Senior Vice President, Intelligent Devices at Rockwell Automation located in Milwaukee, Wisconsin. In this role, he led a multi-billion-dollar global business, responsible for strategic direction, growth, and profitabi
8-K - MATTHEWS INTERNATIONAL CORP (0000063296) (Filer)
8-K - MATTHEWS INTERNATIONAL CORP (0000063296) (Filer)
8-K - MATTHEWS INTERNATIONAL CORP (0000063296) (Filer)
8-K - MATTHEWS INTERNATIONAL CORP (0000063296) (Filer)
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8-K - MATTHEWS INTERNATIONAL CORP (0000063296) (Filer)
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Sidoti initiated coverage of Matthews with a rating of Buy and set a new price target of $60.00
Financial Highlights: 4th Quarter consolidated sales of $446.7 million; $1.80 billion for fiscal 2024Outstanding debt reduced by $53.8 million during the quarterCost reduction actions progressing wellCompany sets adjusted EBITDA guidance for fiscal 2025Webcast: Friday, November 22, 2024, 9:00 a.m., (201) 689-8471 PITTSBURGH, Nov. 21, 2024 (GLOBE NEWSWIRE) -- Matthews International Corporation (NASDAQ GSM: MATW) today announced financial results for the quarter and fiscal year ended September 30, 2024. In discussing the Company's results, Joseph C. Bartolacci, President and Chief Executive Officer, stated: "Our consolidated operating results for the fiscal 2024 fourth quarter reflecte
PITTSBURGH, Nov. 20, 2024 (GLOBE NEWSWIRE) -- Matthews International Corporation (NASDAQ GSM: MATW) announced that its Board of Directors declared, at its regularly scheduled meeting today, a dividend of $0.25 per share on the Company's common stock, representing an increase to the Company's quarterly dividend rate. Joseph C. Bartolacci, President and Chief Executive Officer, stated: "Consistent with our long-term practice, we are pleased to announce another annual increase in our dividend for fiscal 2025. This reflects our ongoing confidence in the Company's cash generation and long-term growth strategies." This represents the 31st consecutive annual dividend increase since becoming a pu
PITTSBURGH, Nov. 08, 2024 (GLOBE NEWSWIRE) -- Matthews International Corporation (Nasdaq GSM: MATW) today announced plans to release its fourth quarter and fiscal year 2024 earnings results after the market closes on Thursday, November 21, 2024. The Company will host a conference call and webcast to review the financial and operating results for the period and discuss its outlook. Participating in the call will be Joseph C. Bartolacci, President and CEO and Steven F. Nicola, Chief Financial Officer. A question-and-answer session will follow. Fourth Quarter and Fiscal Year 2024 Conference CallFriday, November 22, 20249:00 a.m. Eastern TimePhone: 201-689-8471Webcast and accompanying slide
Fiscal 2024 Third Quarter Financial Highlights: Outstanding debt reduced by $12.6 million during the quarter3rd Quarter GAAP EPS of $0.06; non-GAAP adjusted EPS of $0.56SGK Brand Solutions segment reports sales growth for the quarterEnergy storage sales impacted by customer delaysCompany announces cost reduction initiativesWebcast: Friday, August 2, 2024, 9:00 a.m., (201) 689-8471 PITTSBURGH, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Matthews International Corporation (NASDAQ GSM: MATW) today announced financial results for its third quarter of fiscal 2024. In discussing the results for the Company's fiscal 2024 third quarter, Joseph C. Bartolacci, President and Chief Executiv
PITTSBURGH, July 24, 2024 (GLOBE NEWSWIRE) -- Matthews International Corporation (NASDAQ GSM: MATW) announced that its Board of Directors declared, at its regularly scheduled meeting today, a dividend of $0.24 per share on the Company's common stock. The dividend is payable August 19, 2024 to stockholders of record August 5, 2024. About Matthews International Corporation Matthews International Corporation is a global provider of industrial technologies, memorialization products and brand solutions. The Industrial Technologies segment includes the design, manufacturing, service and distribution of high-tech custom energy storage solutions; product identification and warehouse automation
PITTSBURGH, July 12, 2024 (GLOBE NEWSWIRE) -- Matthews International Corporation (Nasdaq GSM: MATW) today announced plans to release its third quarter fiscal year 2024 earnings results after the market closes on Thursday, August 1, 2024. The Company will host a conference call and webcast to review the financial and operating results for the period and discuss its outlook. Participating in the call will be Joseph C. Bartolacci, President and CEO, Steven F. Nicola, Chief Financial Officer, and William D. Wilson, Senior Director, Corporate Development. A question-and-answer session will follow. Third Quarter Fiscal Year 2024 Conference Call Friday, August 2, 20249:00 a.m. Eastern TimePhon
Fiscal 2024 Second Quarter Financial Highlights: Outstanding debt reduced by $19.6 million; net debt lower by $27.2 millionGAAP earnings per share of $0.29, consistent with a year agoNon-GAAP EPS increased to $0.69, compared to $0.65 a year agoSGK reports current quarter sales and adjusted EBITDA higher than a year agoEnergy storage sales also higher than last year; reflects orders from multiple customers PITTSBURGH, May 02, 2024 (GLOBE NEWSWIRE) -- Matthews International Corporation (NASDAQ GSM: MATW) today announced financial results for its second quarter of fiscal 2024. In discussing the results for the Company's fiscal 2024 second quarter, Joseph C. Bartolacci, President and Chief
PITTSBURGH, April 24, 2024 (GLOBE NEWSWIRE) -- Matthews International Corporation (NASDAQ GSM: MATW) announced that its Board of Directors declared, at its regularly scheduled meeting today, a dividend of $0.24 per share on the Company's common stock. The dividend is payable May 20, 2024 to stockholders of record May 6, 2024. About Matthews International Corporation Matthews International Corporation is a global provider of industrial technologies, memorialization products and brand solutions. The Industrial Technologies segment includes the design, manufacturing, service and distribution of high-tech custom energy storage solutions; product identification and warehouse automation techn
PITTSBURGH, April 08, 2024 (GLOBE NEWSWIRE) -- Matthews International Corporation (Nasdaq GSM: MATW) today announced plans to release its second quarter fiscal year 2024 earnings results after the market closes on Thursday, May 2, 2024. The Company will host a conference call and webcast to review the financial and operating results for the period and discuss its outlook. Participating in the call will be Joseph C. Bartolacci, President and CEO, Steven F. Nicola, Chief Financial Officer, and William D. Wilson, Senior Director, Corporate Development. A question-and-answer session will follow. Second Quarter Fiscal Year 2024 Conference Call Friday, May 3, 20249:00 a.m. Eastern TimePhone:
Fiscal 2024 First Quarter Financial Highlights: Consolidated sales of $450.0 million, compared to $449.2 million a year agoIndustrial Technologies and Memorialization report another quarter of sales growthAdjusted EBITDA for SGK Brand Solutions higher than a year agoCompany renews $750 million revolving credit facility in January 2024Fiscal 2024 outlook remains unchanged PITTSBURGH, Feb. 01, 2024 (GLOBE NEWSWIRE) -- Matthews International Corporation (NASDAQ GSM: MATW) today announced financial results for its first quarter of fiscal 2024. In discussing the results for the Company's fiscal 2024 first quarter, Joseph C. Bartolacci, President and Chief Executive Officer, stated: "Our ope
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Financial Highlights: 4th Quarter consolidated sales of $446.7 million; $1.80 billion for fiscal 2024Outstanding debt reduced by $53.8 million during the quarterCost reduction actions progressing wellCompany sets adjusted EBITDA guidance for fiscal 2025Webcast: Friday, November 22, 2024, 9:00 a.m., (201) 689-8471 PITTSBURGH, Nov. 21, 2024 (GLOBE NEWSWIRE) -- Matthews International Corporation (NASDAQ GSM: MATW) today announced financial results for the quarter and fiscal year ended September 30, 2024. In discussing the Company's results, Joseph C. Bartolacci, President and Chief Executive Officer, stated: "Our consolidated operating results for the fiscal 2024 fourth quarter reflecte
PITTSBURGH, Nov. 20, 2024 (GLOBE NEWSWIRE) -- Matthews International Corporation (NASDAQ GSM: MATW) announced that its Board of Directors declared, at its regularly scheduled meeting today, a dividend of $0.25 per share on the Company's common stock, representing an increase to the Company's quarterly dividend rate. Joseph C. Bartolacci, President and Chief Executive Officer, stated: "Consistent with our long-term practice, we are pleased to announce another annual increase in our dividend for fiscal 2025. This reflects our ongoing confidence in the Company's cash generation and long-term growth strategies." This represents the 31st consecutive annual dividend increase since becoming a pu
PITTSBURGH, Nov. 08, 2024 (GLOBE NEWSWIRE) -- Matthews International Corporation (Nasdaq GSM: MATW) today announced plans to release its fourth quarter and fiscal year 2024 earnings results after the market closes on Thursday, November 21, 2024. The Company will host a conference call and webcast to review the financial and operating results for the period and discuss its outlook. Participating in the call will be Joseph C. Bartolacci, President and CEO and Steven F. Nicola, Chief Financial Officer. A question-and-answer session will follow. Fourth Quarter and Fiscal Year 2024 Conference CallFriday, November 22, 20249:00 a.m. Eastern TimePhone: 201-689-8471Webcast and accompanying slide
PITTSBURGH, Sept. 30, 2024 (GLOBE NEWSWIRE) -- Matthews International Corporation (NASDAQ GSM: MATW) ("Matthews" or the "Company") closed on September 27, 2024 on its previously announced private offering of $300 million aggregate principal amount of its 8.625% senior secured second lien notes due 2027 (the "Notes"). The Notes will pay interest semi-annually in arrears, on April 1 and October 1 of each year, beginning on April 1, 2025. The Notes will mature on October 1, 2027, unless earlier redeemed or repurchased, and are callable in one year. Mr. Bartolacci, President and Chief Executive Officer, stated: "We are pleased to complete the offering of our new notes, which will facilitate t
PITTSBURGH, Sept. 24, 2024 (GLOBE NEWSWIRE) -- Matthews International Corporation (NASDAQ GSM: MATW) (the "Company") has priced its previously announced private offering of $300 million aggregate principal amount of its 8.625% senior secured second lien notes due 2027 (the "Notes"). The Notes will pay interest semi-annually in arrears, on April 1 and October 1 of each year, beginning on April 1, 2025. The Notes will mature on October 1, 2027, unless earlier redeemed or repurchased. The Notes offering is expected to close on September 27, 2024, subject to customary closing conditions. The Company intends to use the net proceeds of the offering, together with borrowings under the Company'
PITTSBURGH, Sept. 23, 2024 (GLOBE NEWSWIRE) -- Matthews International Corporation (NASDAQ GSM: MATW) (the "Company") today announced a proposed private offering of senior secured second lien notes due 2027 (the "Notes"). At or prior to the closing of the offering of the Notes, the Company intends to amend its senior credit facility to, among other things, permit the Notes to be secured by a second priority lien on substantially all of our and certain of our domestic subsidiaries' assets, and the Company and certain of its domestic subsidiaries intend to enter into a second amended and restated pledge and security agreement pursuant to which the Company and such subsidiaries will grant to t
Fiscal 2024 Third Quarter Financial Highlights: Outstanding debt reduced by $12.6 million during the quarter3rd Quarter GAAP EPS of $0.06; non-GAAP adjusted EPS of $0.56SGK Brand Solutions segment reports sales growth for the quarterEnergy storage sales impacted by customer delaysCompany announces cost reduction initiativesWebcast: Friday, August 2, 2024, 9:00 a.m., (201) 689-8471 PITTSBURGH, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Matthews International Corporation (NASDAQ GSM: MATW) today announced financial results for its third quarter of fiscal 2024. In discussing the results for the Company's fiscal 2024 third quarter, Joseph C. Bartolacci, President and Chief Executiv
PITTSBURGH, July 24, 2024 (GLOBE NEWSWIRE) -- Matthews International Corporation (NASDAQ GSM: MATW) announced that its Board of Directors declared, at its regularly scheduled meeting today, a dividend of $0.24 per share on the Company's common stock. The dividend is payable August 19, 2024 to stockholders of record August 5, 2024. About Matthews International Corporation Matthews International Corporation is a global provider of industrial technologies, memorialization products and brand solutions. The Industrial Technologies segment includes the design, manufacturing, service and distribution of high-tech custom energy storage solutions; product identification and warehouse automation
PITTSBURGH, July 12, 2024 (GLOBE NEWSWIRE) -- Matthews International Corporation (Nasdaq GSM: MATW) today announced plans to release its third quarter fiscal year 2024 earnings results after the market closes on Thursday, August 1, 2024. The Company will host a conference call and webcast to review the financial and operating results for the period and discuss its outlook. Participating in the call will be Joseph C. Bartolacci, President and CEO, Steven F. Nicola, Chief Financial Officer, and William D. Wilson, Senior Director, Corporate Development. A question-and-answer session will follow. Third Quarter Fiscal Year 2024 Conference Call Friday, August 2, 20249:00 a.m. Eastern TimePhon
PITTSBURGH, June 17, 2024 (GLOBE NEWSWIRE) -- Matthews International Corporation (Nasdaq GSM: MATW). On Friday evening, June 14, 2024, Tesla filed a complaint in Federal District Court in the Northern District of California. The claims stated in this threadbare complaint are utterly without merit and we intend to vigorously defend the matter. Notably, the complaint vaguely references trade secrets, but fails to identify even one trade secret that Tesla purportedly disclosed to Matthews. We are continuing to evaluate this complaint and may pursue legal remedies. Contrary to the allegations in the complaint, Tesla's lawsuit is simply a new tactic in their ongoing efforts to bully Matthews a
- Dow Jones
Tesla Inc. (NASDAQ:TSLA) has reportedly initiated a legal battle against its former supplier, Matthews International Corp (NASDAQ:MATW), accusing the company of misappropriating trade secrets. This lawsuit, filed in the U.S. District Court for the Northern District of California, centers on allegations that Matthews shared proprietary battery manufacturing technology with Tesla’s rivals, reported Reuters. The legal action claims that Matthews International caused damages potentially exceeding $1 billion due to the alleged misuse of Tesla’s innovative dry electrode battery technology. This technology is crucial for enhancing the performance and cost-efficiency of batteries, a core co
Matthews International (NASDAQ:MATW) reported quarterly earnings of $0.69 per share which beat the analyst consensus estimate of $0.46 by 50 percent. This is a 6.15 percent increase over earnings of $0.65 per share from the same period last year. The company reported quarterly sales of $471.223 million which beat the analyst consensus estimate of $469.379 million by 0.39 percent. This is a 1.74 percent decrease over sales of $479.580 million the same period last year.
Gainers Paylocity Holding (NASDAQ:PCTY) stock increased by 12.3% to $168.0 during Thursday's after-market session. The company's market cap stands at $9.4 billion. The company's, Q3 earnings came out today. iSun (NASDAQ:ISUN) shares moved upwards by 5.03% to $0.15. Richtech Robotics (NASDAQ:RR) stock rose 4.47% to $1.4. The company's market cap stands at $92.7 million. Matthews International (NASDAQ:MATW) stock moved upwards by 4.01% to $28.21. The market value of their outstanding shares is at $865.5 million. As per the press release, Q2 earnings came out today. Velo3D (NYSE:VLD) stock rose 3.86% to $0.24. The market value of their outstanding shares is at $70.7 million. Greenwave Tec
As the day concludes, Matthews International (NASDAQ:MATW) is preparing to distribute a dividend payout of $0.24 per share, resulting in an annualized dividend yield of 2.82%. This payout is exclusive to investors who held the stock before the ex-dividend date on February 02, 2024. Matthews International Recent Dividend Payouts table { width: 100%; border-collapse: collapse; font-family: Arial, sans-serif; font-size: 14px; } th, td { padding: 8px; text-align: left; } th { background-color: #293a5a; color: #fff; text-align: left; }
B. Riley Securities analyst Liam Burke maintains Matthews International (NASDAQ:MATW) with a Buy and lowers the price target from $61 to $59.
Matthews International (NASDAQ:MATW) reported its Q1 earnings results on Thursday, February 1, 2024 at 04:15 PM. Here's what investors need to know about the announcement. Earnings Matthews International reported in-line EPS of $0.37 versus an estimate of $0.37. Revenue was up $746 thousand from the same period last year. Past Earnings Performance Last quarter the company beat on EPS by $0.06 which was followed by a 3.85% drop in the share price the next day. Here's a look at Matthews International's past performance: Quarter Q4 2023 Q3 2023 Q2 2023 Q1 2023 EPS Estimate 0.90 0.63 0.51 0.54 EPS Actual 0.96 0.74 0.65 0.53 Revenue Estimate 483.00M 464.28M 448.14M 431.60M Revenue Ac